UK time is: 04:25:25
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

RUFC - Millers still in the red?

Rotherham United's ex director, Giles Brearley wants to clear up a statement from Millers Chairman, Tony Stewart that says when he took over the club there was a 1.2m deficit.

Mr Stewart quoted the 1.2m figure at a fans forum a few weeks ago but Mr Brearley wants to put the record straight and told The Advertiser, 'When Tony called to see me I asked him where that figure had come from. He said it was from the statement of affairs by the Administrator, Jeremy Bleazard.

'Well, myself and the former directors, Denis Coleman, Dave Costin and Gary Hall, would like to put the record straight. Tony was correct in that 1.2m was the final figure that came up but it also includes monies owed to his syndicate that were injected, all the legal fees which is a six figure sum and a claim from landlords, CF Booth Group, over the lease on Millmoor and the training ground at Hooton Lodge. In real terms the trading deficit that Tony should have quoted was about a third of the 1.2m.'

Mr Brearley also refuted the Chairman's 'we are back in the black' comment. 'In essence it refers to a business plan that puts the club back into profit in three to four years. We had one of those as well and we hunted and hunted for two years for a financial backer and our regret is that they didn't come forward to take over when we approached them the first time.

'The club is still losing money at present but hopefully it will work its way back into the black - given time, and a fair wind, it can happen. I wish Tony and his backers well with the club.'




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Herringthorpe  Mail feedback, articles or suggestions

Date:Friday October 31 2008

Time: 8:34AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Rotherham United Articles

RUFC - Millers Not To Persue Greening (Wednesday July 30 2014)

Millers Win At Alfreton (Tuesday July 29 2014)

Six Up For Millers (Tuesday July 29 2014)

RUFC - Big Guy Back With Millers (Monday July 28 2014)

RUFC - Q & A With A Royal! (Monday July 28 2014)

Archived Rotherham United Articles

List All Vital Rotherham Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. rybel_b 1302
2. herringthorpe 960
3. sixpence 346
4. miller4life 191
5. mos60 145
6. MILLER NEZ 39
7. mvmiller 22
8. Millie Miller 17
9. nogginthenog 13
10. zipadeedoodah 6

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
17. Millwall 0 0 0 0 0 0
18. Norwich 0 0 0 0 0 0
19. Reading 0 0 0 0 0 0
20. Rotherham 0 0 0 0 0 0
21. Sheff Wed 0 0 0 0 0 0
22. Watford 0 0 0 0 0 0
23. Wigan 0 0 0 0 0 0

Breaking League News

Owls edged out by Magpies in friendly
Sheff Wed : 30/07/2014 23:53:00
LUFC Dawson hat-trick in Leeds win
Leeds Utd : 30/07/2014 21:37:00
LUFC Lees set to complete Owls move
Leeds Utd : 30/07/2014 20:48:00
LUFC Leeds end interest in defender
Leeds Utd : 30/07/2014 19:57:00
Blog: StAn's Fans 3-/07/14
Birmingham : 30/07/2014 19:09:00

Current Site Poll (view all polls)

With Gerrard announcing his international retirement who should take over the skippers armband
Suggested By:  
Wayne Rooney 25%
Gary Cahill 25%
Joe Hart 25%
Other 25%